SSP gains on sales recovery
FTSE 100 down 0.2, FTSE 250 off 1.2
Both indexes set for weekly gains

Feb 4 Reuters London39;s FTSE 100 ended the week in positive territory after two weeks39; of losses despite edging lower on Friday as banks retreated a day after the Bank of England raised interest rates to curb soaring inflation.

The FTSE 100 index closed 0.2 lower, reversing earlier gains and leaving it 0.6 higher over the week. Meanwhile, the midcap index declined 1.2 but still recorded its first weekly gain after a fourweek losing streak, advancing 0.5.

Energy stocks outperformed, rising 3.8 to their highest level in nearly two years as oil prices extended gains on U.S. supply concerns amid frigid U.S. weather and ongoing political turmoil.

Base metal miners ended the day flat, while banks dropped 1.2 after rallying as much as 2.4 this week.

If you39;ve got a rising interest rate into an economy that is weakening, consumer sentiment crashing, and many other factors that domestic UK banks are facing right now, that can push traders to sell off a little bit after a week39;s rally, said Keith Temperton, a sales trader at Forte Securities.

The Bank of England raised interest rates to 0.5 on Thursday and nearly half of its policymakers wanted a bigger increase to contain rampant price pressures, as the central bank warned inflation will soon top 7.

Twoyear yields on British bonds rose to their highest since April 2011, while the fiveyear yields touched a level last…